nigelnz, I don't get why someone would offload so many shares at below the prior day close following such great news. Even if they needed the cash, like you said they could have got another 20% more if it was more carefully planned out.
Today's volume of shares traded exceeded the total amount of shares traded since the 18 November 2013. They represented almost 4 months worth of shares traded in PEH normal terms.
However, the amounts traded (824166 shares) are very little, representing less than 1% of the share register. That is how tightly held these shares are. The Top 20 holders make up around 67% of the register and most are comfortable to hold on following a maiden profit.
Why the broader investment community neglects PEH, baffles me. However, it gives me an opportunity to load up before this lion awakens from its den.
EVS Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
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